Invesco has launched a Latin American equity fund to give offshore investors access to the potential returns from the region, after seeing strong demand from their Middle Eastern client base.
Through the fund offshore investors can get exposure to the region’s robust economic growth, attractive domestic demand and rich natural resources.
Manager of the new fund, Dean Newman, said: “Latin America is long-term story, economic growth this year and next is likely to be significantly stronger than in the developed world. Both household and corporate balance sheets are strong in Latin America and are far more robust than in Europe and the UK. This means that while consumers are increasingly able to buy durable goods, companies are in a position to invest in strong future growth.”
Nick Tolchard, managing director of international development division and head of Invesco Middle East commented: “Emerging markets is an important and growing area for us. The fund has been launched in response to the strong demand from offshore investors, particularly in the Middle East, who stated in our recent research that 82% plan to increase their exposure to emerging markets over the next 3-5 years.”
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